Economy & Markets
The important economic and stock market news that advisors need to know.
Biden Tax Plan Recoups $2 Trillion in Overseas Profits: Yellen
By Christopher Condon and Laura DavisonIn total, the extra $2.5 trillion in revenue would pay for Biden's eight-year infrastructure plan, according to the Treasury.
April 05, 2021
Matthews Asia Merges Two Funds Due to Asset Overlap: Portfolio ProductsAlso, FTSE Russell is adding Chinese government bonds to its World Bond Index.
April 01, 2021
Schwab's Sonders: Where to Invest as S&P Tops 4,000Sonders and other strategists weigh in on whether the stock rally will last and where to find value in the market.
March 31, 2021
12 States With the Highest Taxes in AmericaWalletHub looked at income, property, sales and excise taxes in each state.
March 30, 2021
Optimism Surges Among Black Investors: Wells FargoThe bank attributed the sunny outlook to the change in political leadership and COVID-19 vaccine distribution.
March 30, 2021
Banks, Wealth Managers and Fintech Disruptors Vie to Create 'Goldilocks' Retail ProductGoldman Sachs' Marcus introduced a product that is melding three customer-friendly aspects. But it's not alone.
March 30, 2021
Banks' Archegos Hit May Be Up to $10B: JPMorganPress speculation of a $3 billion to $4 billion loss at Credit Suisse AG is "not an unlikely outcome," analysts said.
March 29, 2021
10 Worst Financial Advisors in America: 2020Last year's worst advisors allegedly ran Ponzi schemes, stole from the elderly and veterans, and one was even charged with murdering a client.